An independent examiner has revealed shocking details surrounding the inner workings of Celsius – a crypto lender that filed for bankruptcy in July 2022. The examiner claimed that Celsius did not operate by the business model that it presented to customers. He likened it to a Ponzi scheme, much like FTX – a company that happened to have used the same accounting software: QuickBooks. The Truth About CEL Token Per a filing from examiner Shoba Pillay on Tuesday, Celsius had…
Yuga Labs
Yuga Labs Targeted in 3rd Phishing Hack, Loses 200 ETH
Yuga Labs has authenticated the tweet that announced a phishing attack on its Discord server early Saturday. The scam cost users NFTs valued at 200 ETH, an amount valued at 360,000 dollars. The team acknowledged the breach almost 12 hours after it initially aired on Twitter. Early Saturday, a Twitter user with the handle NFTherder sounded an alarm on social media. He claimed that sister metaverse projects, BAYC, and OtherSide metaverse Discords, had fallen victim to hackers, yet again. According…
8 months ago 
1.5 k views
Bored APE Token Triggers Spike in ETH Gas Prices
The bombshell drop of the APE token sent ripples across the crypto world - with a noticeable effect on ETH gas prices. Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC) NFTs, has issued its own crypto token. As announced on Wednesday, the new ERC-20 token is called ApeCoin ($APE). We’re excited to announce we’re adopting ApeCoin as the primary token for the Bored Ape Yacht Club ecosystem as well as future Yuga products and services. The newly…
11 months ago 1.7 k views